30th November 2021 Technical Analysis

EURUSD

EURUSD rose on Monday, and the technical bias is bullish due to higher lows in the recent uptrend.

The pair is currently trading near 1.12950，and multiple resistance levels can be seen above which may prevent the price from rising further.

Resistance level 1: 1.13200

Resistance level 2: 1.13450

Resistance level 3: 1.13700

Below the price, multiple support levels can be seen which may prevent the price from falling.

Support level 1: 1.12750

Support level 2: 1.12570

Support level 3: 1.12300

Today, Germany will announce the unemployment rate data for November. Higher data indicate unfavourable to the euro, so it is negative for the EURUSD currency pairs, and vice versa.

Looking at the current price trend and economic development, it may be a good trading choice to buy the EURUSD currency pair near the current level.

GBPUSD

GBPUSD fell on Monday, and the technical bias is bearish due to lower highs in the recent downtrend.

The pair is currently trading near 1.33171，and multiple resistance levels can be seen above which may prevent the price from rising further.

Resistance level 1: 1.33250

Resistance level 2: 1.33350

Resistance level 3: 1.33500

Below the price, multiple support levels can be seen which may prevent the price from falling.

Support level 1: 1.33000

Support level 2: 1.32900

Support level 3: 1.32750

Today, the United States will announce the November CB Consumer Confidence Index data. Higher data indicate favourable to the US dollar, so it is negative for the GBPUSD currency pair, and vice versa.

Looking at the current price trend and economic development, it may be a good trading choice to sell the GBPUSD currency pair near the current level.